______ Claim Power on the Basis of Age-Old Norms, Beliefs

question 95

Multiple Choice

______ claim power on the basis of age-old norms, beliefs, and practices.

• A)Legitimate rulers
• B)Contemporary rulers
• C)Traditional rulers
• D)The power elite

---

Definitions:

Large Denominations

Refers to currency or securities of a high face value.

Operating Leases

Operating leases are contractual agreements in which the lessee pays to use an asset for a specific period without gaining ownership, typically used for equipment and vehicles.

Capitalize

The accounting practice of recording a cost/expense as an asset, rather than an expenditure, thereby extending the recognition of its financial impact over the useful life of the asset.

Long-Term Liabilities

Financial obligations of a business that are due for repayment beyond the current fiscal year, including bonds payable, long-term loans, and lease obligations.